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on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the president gets his tax hikes. you know, everyone thinks they are going to have higher taxes in the new year. so he gets tax hikes. but then what? i mean, the new normal that's being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we're luck in next year. the new normal even with high taxes doesn't look good. >> yeah. let's hope it's higher than that i think it's going to be a bumpy 60 days in my view. fiscal cliff. as low as that 2% is. the awful state of the world right now is that
on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the...
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Dec 8, 2012
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. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job growth in september and october was revised down by 49,000 jobs. and for all the talk of a lower unemployment rate, its explanation seemed to be that several hundred thousand more americans stopped looking for work in november and were counted out of the labor force. again, economist holtzer. >> this month's change was driven completely by the fact some people stopped looking. last month's drop in unemployment really was driven by people becoming employed. the fact the unemployment rate has dropped from over 10% over the last two or three years part of that is real job gaining by some people and part of t
. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job...
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Dec 8, 2012
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here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap. >> house speaker john bainers says his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk but no action. yeah. a lot of talk but no action, or as they call that in college a date. >> good morning, everyone. i'm randi kaye. victor is off today. it's 9:00 on the east coast. 6:00 a.m. out west. thanks so much for starting your day with us. we start this morning with the supreme court and the decision to hear two major cases on same-sex marriage. justices will hear arguments against the federal government's defense of marriage act and california's proposition eight. prop 8 banned same-sex marriage
here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap....
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Dec 8, 2012
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i'm tired of talking about the fiscal cliff. i think some of that uncertainty has held back hiring and we have to get past that. because if you're a business an you don't know what the rules of the game are, most businesses will tell you i don't even care what the level of regulation is or what the tax rate is i just need to know what the playing field is. it's that uncertainty that's holding things back. we have to take that probably into early next year before you lift that uncertainty. >> thanks so much. now to the president and the congress and the fiscal cliff. the combination of automatic tax hikes and deep federal spending cuts due to kick in january 1st. that's 24 days away. just over three weeks from now but so far negotiations to find a way around it well they've gone nowhere. we'll talk about that with a former chief of staff to president bill clinton and adviser to president obama and a founder and chairman of the center for american progress which is a washington think tank and he joins us now from our washington bu
i'm tired of talking about the fiscal cliff. i think some of that uncertainty has held back hiring and we have to get past that. because if you're a business an you don't know what the rules of the game are, most businesses will tell you i don't even care what the level of regulation is or what the tax rate is i just need to know what the playing field is. it's that uncertainty that's holding things back. we have to take that probably into early next year before you lift that uncertainty....
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Dec 8, 2012
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he talks about the so-called fiscal cliff, affordable care act and the groundwork for the elections. what newsmakers live sunday it 10:00 a.m. eastern on c-span. >> it was estimated that the land of hiroshima would cause our fishermen to be killed. >> as harry truman's grandson, i'd choose to honor both -- the sacrifice of american servicemen fighting their way through the pacific end of the door girl like sadoku who died as the result of an atomic bombing. it is unimaginable what that must have been like to be close to that of where that fireball originated. >> follow him on his journey to hiroshima sunday on c-span3. he joins us to discuss meetings with survivors and the inspiration for his trip at 9:00 p.m. eastern. >> next, we will look at the new communist party of leadership in china and that impact on u.s.- china relations. hosted by the center for strategic and international studies in washington, this is an hour. i'd also like to recognize former ambassador to china jim sasser who's sitting right there, one of my close friends. thank you for coming, senator. glad to see you.
he talks about the so-called fiscal cliff, affordable care act and the groundwork for the elections. what newsmakers live sunday it 10:00 a.m. eastern on c-span. >> it was estimated that the land of hiroshima would cause our fishermen to be killed. >> as harry truman's grandson, i'd choose to honor both -- the sacrifice of american servicemen fighting their way through the pacific end of the door girl like sadoku who died as the result of an atomic bombing. it is unimaginable what...